Keepit, an independent, cloud-native data protection and backup provider, has announced a $50 million (£40.3m) funding round, led by existing investor One Peak, and EIFO, the Export and Investment Fund of Denmark. This funding round marks the company’s third equity investment in the past four years, bringing the total funds raised to approximately $90 million (£72.5m).
Keepit states that this latest investment underscores the company’s rapid growth and solidifies its position as a leader in SaaS data protection. The new investment will be directed towards expanding the company’s go-to-market efforts and fuelling continued product innovation.
Keepit’s mission to provide a vendor-independent, dedicated infrastructure for SaaS data protection has resonated with a broad range of enterprise customers as its products already support 5 million users globally. With its latest funding, Keepit is poised to accelerate its global expansion strategy, prioritising key markets like the US, Europe, and other high-growth regions, while bolstering Keepit’s network of partners.
Simultaneously, Keepit plans to intensify its focus on product innovation, advancing its cutting-edge, cloud native solutions to empower organisations in safeguarding their SaaS data effectively and reliably. This will include broader workload coverage and additional data management and intelligence capabilities for the enterprise.
“Our commitment to innovation and solving our customers’ most pressing data protection challenges is what drives us forward,” says Morten Felsvang, Keepit Co-founder and CEO, and Frederik Schouboe, Keepit Co-founder and Chief Vision Officer. “This new funding will allow us to expand our reach and continue innovating the most advanced SaaS data protection solutions on the market. We’re thrilled to see such strong support from our investors, who understand our mission and share our vision for the future.”
David Klein, Co-founder and Managing Partner at One Peak, comments, “We have been continually impressed by Keepit’s leadership and their unwavering ability to deliver on their vision. In a time when the need for secure, independent SaaS data protection is more critical than ever, Keepit stands out as a leader with its innovative platform. We are thrilled to continue supporting the Keepit team in this exciting next chapter of their growth journey.”
Jacob Bratting Pedersen, Managing Director, Partner & Head of Tech & Industry at EIFO, adds, “Keepit’s focus on cloud-native, vendor-independent data protection is what sets them apart. This investment is not just a financial decision for us – it’s about supporting a company that is revolutionising the way organisations think about data security. We believe in their long-term vision and look forward to contributing to their continued success.”
For more from Keepit, click here.
The post Keepit secures funding to accelerate product innovation appeared first on Data Centre & Network News.
Keepit, an independent, cloud-native data protection and backup provider, has announced a $50 million (£40.3m) funding round, led by existing investor One Peak, and EIFO, the Export and Investment Fund of Denmark. This funding round marks the company’s third equity investment in the past four years, bringing the total funds raised to approximately $90 million (£72.5m).
Keepit states that this latest investment underscores the company’s rapid growth and solidifies its position as a leader in SaaS data protection. The new investment will be directed towards expanding the company’s go-to-market efforts and fuelling continued product innovation.
Keepit’s mission to provide a vendor-independent, dedicated infrastructure for SaaS data protection has resonated with a broad range of enterprise customers as its products already support 5 million users globally. With its latest funding, Keepit is poised to accelerate its global expansion strategy, prioritising key markets like the US, Europe, and other high-growth regions, while bolstering Keepit’s network of partners.
Simultaneously, Keepit plans to intensify its focus on product innovation, advancing its cutting-edge, cloud native solutions to empower organisations in safeguarding their SaaS data effectively and reliably. This will include broader workload coverage and additional data management and intelligence capabilities for the enterprise.
“Our commitment to innovation and solving our customers’ most pressing data protection challenges is what drives us forward,” says Morten Felsvang, Keepit Co-founder and CEO, and Frederik Schouboe, Keepit Co-founder and Chief Vision Officer. “This new funding will allow us to expand our reach and continue innovating the most advanced SaaS data protection solutions on the market. We’re thrilled to see such strong support from our investors, who understand our mission and share our vision for the future.”
David Klein, Co-founder and Managing Partner at One Peak, comments, “We have been continually impressed by Keepit’s leadership and their unwavering ability to deliver on their vision. In a time when the need for secure, independent SaaS data protection is more critical than ever, Keepit stands out as a leader with its innovative platform. We are thrilled to continue supporting the Keepit team in this exciting next chapter of their growth journey.”
Jacob Bratting Pedersen, Managing Director, Partner & Head of Tech & Industry at EIFO, adds, “Keepit’s focus on cloud-native, vendor-independent data protection is what sets them apart. This investment is not just a financial decision for us – it’s about supporting a company that is revolutionising the way organisations think about data security. We believe in their long-term vision and look forward to contributing to their continued success.”
For more from Keepit, click here.
The post Keepit secures funding to accelerate product innovation appeared first on Data Centre & Network News.